Thunderstruck Drills 14.5% Zinc over 6.3 Metres at Its Korokayiu Copper-Zinc VMS Prospect
Thunderstruck Drills 14.5% Zinc over 6.3 Metres at Its
Korokayiu Copper-Zinc VMS Prospect
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2019) -
Thunderstruck Resources Ltd.
(TSXV: AWE) (OTC:
THURF) (The "Company") is pleased to report that the first two drill holes on its Korokayiu Joint Venture (JV) zinc-copper
volcanogenic massive sulphide (VMS) prospect confirm historic results reported by Anglo American over 40 years ago which
outlined a significant zinc-copper-silver-gold VMS system.
Assays are pending for another 5 holes.
Based on these positive results, the joint venture partner JOGMEC is presently working with Thunderstruck on details of an
aggressive 2020 drill program.
Drill hole
WLK14B
intersected
14.5% Zinc (Zn), 2.35% Copper (Cu), 111 grams-per-tonne Silver (g/t Ag), and 0.66 g/t
Gold (Au) over a drill core interval of 6.31 metres
1
; within a broader zone of mineralization returning
9.5% Zn, 1.87% Cu, 55
g/t Ag, and 0.48 g/t Au over a 10.55-metre core interval
(Table 1 and Figure 1).
WLK14B
(-60
o
dip / 334
o
azimuth)
was
drilled beneath the Korokayiu VMS Discovery Outcrop to verify historical drill intercepts reported by Anglo American. The
mineralization is hosted by intensely altered fragmental volcanoclastic dacite hosting massive sphalerite-chalcopyrite-pyrite
mineralization.
Drill hole
WLK14A
was designed to test the depth extent of high-grade massive sulphide mineralization intersected in
WLK14B
40 metres down dip on section.
WLK14A (-90
o
dip)
intersected hanging wall basalt-andesite rocks directly overlying a shear
and faulted contact zone beneath which dacitic volcanoclastic rocks hosting disseminated chalcopyrite-pyrite mineralization
assayed
2.0% Cu, 0.11% Zn, 60 g/t Ag, and 0.51 g/t Au over a drill core interval of 3.35 metres
1
, within a broader zone of
mineralization assaying
1.2% Cu, 0.3% Zn, 28 g/t Ag, and 0.23 g/t Au over 8.38 metres
.
Bryce Bradley, Thunderstruck's President/CEO, stated,
"Thunderstruck is pleased with the initial drill results at Korokayiu
which have confirmed the presence of high grade copper-zinc massive sulphide mineralization.
With the last drilling on this
prospect occurring over 40 years ago, and with no historic drill core remaining, we knew our first task would be to verify some
of the key historically reported drill intercepts and provide new drill core to bring the significance of the Korokayiu discovery to
light. We look forward to receiving additional drill results in the coming weeks that include further drilling on this section and
step-outs to the east."
Table 1: Korokayiu Cu-Zn Deposit 2019 Diamond Drill Intercepts
Drill Hole
From (m)
To m)
Interval (m)
Zn (%)
Cu (%)
Ag (g/t)
Au (g/t)
WLK14B
57.05
67.60
10.55
9.51
1.87
54.5
0.48
including
57.73
64.04
6.31
14.51
2.35
111.1
0.66
WLK14A
78.82
87.20
8.38
0.28
1.15
27.5
0.23
including
78.82
82.17
3.35
0.11
2.05
59.7
0.51
1
The true width of mineralization is estimated to be 80-100% of the drilled interval
The 2019 Korokayiu Joint Venture (JV) zinc-copper volcanogenic massive sulphide (VMS) prospect diamond drill program
comprised 7 drill holes totaling 904 metres designed to verify the presence of historically reported copper-zinc massive
mineralization and further test the extent of the deposit area. The 2019 diamond drill program has now paused for the holiday
break and is expected to resume in early January, 2020. The drilling is funded by Japan Oil Gas and Metals National
Corporation (JOGMEC), a Japanese company funded by the national government with the intent of discovering large-scale
mineral deposits that will benefit Japanese industry.
"JOGMEC is currently in Fiji with Thunderstruck planning our 2020 drill program with a minimum expenditure of $1,500,000
to further test the depth and size of Korokayiu,"
Bradley added.
"Positive results may accelerate the program and increase
expenditures."
Figure 1: Korokayiu 2019 Diamond Drill Section
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2901/50687_b381f3acf4ec998e_001full.jpg
About Fiji
Viti Levu, the main island of Fiji, has a long mining history. It is on the prolific Pacific Ring of Fire, a trend that has produced
numerous large deposits, including Porgera, Lihir and Grasberg. The island of Viti Levu hosts Namosi, held by a joint venture
between Newcrest and Mitsubishi. Newcrest published Proven and Probable Reserves for Namosi of 1.3 billion tonnes at 0.37%
Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the
permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.1 million tonnes at 8.17
g/t Au (294,000 ounces Au), and Inferred Resources of 1.3 million tonnes at 10.6 g/t Au (445,000 ounces Au). The Vatukoula
Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive and highly prospective
properties in Fiji on which recent and previous exploration has confirmed zinc, copper and precious metals mineralization. The
Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper,
gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under
the symbol "AWE" and United States OTC under the symbol "THURF."
Methodology and QA/QC
The analytical work reported on herein was performed by Australian Laboratory Services Pty. Ltd. (ALS) at Perth, WA. ALS is an
ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Thunderstruck
Resources and the QP. Drill core samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing
of a 250 gram split to 85% passing 75 microns (PREP-31). A 0.25 gram sample pulp was then subject to 4-acid (HF-HNO
3
-
HClO
4
) digestion and analysis via 33 element ICP-AES analysis (ME-ICP61) for base metals and silver, and 30 gram fire assay
fusion (Au-AA25) for gold determination. Base metal over limit values returning greater than 1%, or greater than 100 g/t for silver,
were analyzed by four-acid digestion of a 0.40 gram sample pulp, followed analysis via ICP-AES (ME-OG62).
Thunderstruck Resources follows industry standard procedures for the work carried out on the Korokayiu prospect, with a quality
assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence
sent to the laboratory for analysis. Thunderstruck Resources detected no significant QA/QC issues during review of the data.
Thunderstruck Resources is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy
or reliability of the data referred to herein.
Qualified Person Statement
Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, is a qualified person for
the project as defined by National Instrument NI 43-101. Mr. Raffle has reviewed and approved the portion of the technical
content of this news release as it relates to Korokayiu VMS prospect.
For additional information, please contact:
Rob Christl, Investor Relations
Email:
P: 778 840-7180
or, visit our website:
http://www.thunderstruck.ca
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck
believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management
on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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